Thursday, May 16, 2013

'The Voice' Recap: Who Made The Top 10?

Robin Thicke, Pharrell, T.I. and Lady Antebellum all took the stage in the first live results show of the season.
By Natasha Chandel

Source: http://www.mtv.com/news/articles/1707357/voice-recap-top-10.jhtml

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Heat, Grizzlies advance to respective NBA conference finals

Miami defeated the Chicago Bulls Wednesday night to win their Eastern Conference semifinal series, while Memphis reached its very first Western Conference final by defeating the Oklahoma City Thunder.

By Christopher Hartman,?Contributor / May 16, 2013

Oklahoma City Thunder center Kendrick Perkins (5) defends as Memphis Grizzlies Zach Randolph goes to the basket during the first half of Game 5 of their Western Conference Semifinals NBA basketball playoff series in Oklahoma City, Wednesday, May 15, 2013.

Alonzo Adams/AP

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Memphis advances to first-ever Eastern Conference Final

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The Memphis Grizzlies, led by NBA defensive player of the year Marc Gasol, held off a late surge by the Oklahoma City Thunder Wednesday night en route to an 88-84 victory and a four games to one Western Conference semifinal series win ? their first-ever trip to the conference finals. The Grizzlies got mammoth production from big man Zach Randolph, who had 28 points and 14 rebounds. Memphis guard Mike Conley had 13 points and 11 assists to put away the Thunder in front of the 113th consecutive sellout crowd at Chesapeake Energy Arena in Oklahoma City.

Without the added perimeter threat of Russell Westbrook, there was just too much pressure on Oklahoma City?s Kevin Durant, who was held to only 21 points ? he went 0-for-6 during the first quarter and finished 5-for-21 from the floor ? his third worst shooting percentage ever in a playoff game. He was guarded for a majority of the contest by the Grizzlies? Tayshaun Prince, who stuck to him like fly paper.

The Thunder were playing from behind for much of the game, and with the exception of Serge Ibaka, could never really make inroads against Randolph and Gasol, who batted away balls with regularity. On offense, the Grizzlies were able to drive the lane almost at will, with Prince, Conley and Tony Allen (who had 11 points on the night) supplementing the post play of Randolph and Gasol. In addition, Thunder big man Kendrick Perkins was particularly disappointing on both ends of the floor, with only 2 points and 3 rebounds. There were moments of tension during the game between him and Durant, and that didn?t help either.

Oklahoma City, who like Memphis had four scorers in double-figures, had their chances inside - they had 38 points in the paint to Memphis? 36 and took second-chance points, 16-11 ? but they also turned the ball over 14 times, which the opportunistic Grizzlies converted into 22 points.

Oklahoma City ended the third quarter with a 16-4 scoring drive, but that was countered by a 10-2 Memphis run to start the fourth. Down at the time by 11, the Thunder?s run was started by a curious play with 5 minutes to go in the third: missing a three from in front of the Grizzlies? bench, the Thunder?s Derek Fisher had been distracted by a shirt that had been thrown to the side of him on the floor, courtesy of Memphis? Tony Allen. Fisher was given the three, Allen was assessed a technical, and it was an instant four-point turnaround that got the home team?s momentum going again.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/xhYeTMf6MYM/Heat-Grizzlies-advance-to-respective-NBA-conference-finals

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Wall Street jumps as banks lead S&P 500 to new high

By Ryan Vlastelica

NEW YORK (Reuters) - Stocks rose and extended a recent rally on Tuesday, with the S&P 500 and Dow hitting a new intraday high as investors bet that the market's upward momentum would continue.

Gains were broad, with more than two-thirds of New York Stock Exchange-listed companies rising. Large-cap banks were among the day's biggest advancers, with Bank of America up 2.3 percent to $13.27 and Citigroup Inc up 2.1 percent to $49.97. Goldman Sachs advanced 2.9 percent to $153.97.

Wall Street has climbed for the past three weeks, and is up more than 14 percent so far this year, propelled by some earnings that beat lowered estimates and the Federal Reserve's easy monetary policy designed to stimulate the economy.

"We're riding a self-fulfilling prophecy of momentum. There's no fundamental reason for today's move, other than the continued easing by the Fed and momentum," said Paul Radeke, vice president at Minneapolis-based KDV Wealth Management.

While some analysts expect the momentum to wane in the near term, as equities haven't undergone a significant pullback this year, many say that the long-term trend remains positive as investors continue to use any market decline as a buying opportunity.

"The sheer volume of cash coming in from the sidelines is preventing any kind of correction, even though fundamentally we seem to be getting overbought," said Radeke, who helps oversee $400 million in assets.

The Dow Jones industrial average <.dji> was up 73.83 points, or 0.49 percent, at 15,165.51. The Standard & Poor's 500 Index <.spx> was up 12.92 points, or 0.79 percent, at 1,646.69. The Nasdaq Composite Index <.ixic> was up 26.17 points, or 0.76 percent, at 3,464.96.

The market had been trading sideways for three sessions, showing a gain of 0.07 percent as the winding down of the quarterly earnings season and a light economic calendar have left investors without a strong catalyst for further gains.

Economic data showed import prices slipped 0.5 percent last month due to a drop in oil costs, the biggest decline since December and matching Wall Street expectations.

U.S.-listed shares of Sony Corp jumped 9.2 percent to $20.63 after billionaire hedge fund investor Daniel Loeb called on the company to spin off its lucrative entertainment arm.

Nokia Corp unveiled a new version of its Lumia smartphone line, but U.S.-listed shares fell 5.7 percent to $3.62. Research company Gartner said Nokia lost 5 percentage points of market share in the first quarter, falling to 14.8 percent.

Tesla Motors extended its rise following a gain of 40 percent last week after lifting its sales outlook. It climbed 2.8 percent to $90.16 and hit an all-time high. Green Mountain Coffee Roasters , which like Tesla has been a favorite of short-sellers, rose 3.8 percent to $80.32, its highest since October 2011.

Most corporate earnings have been better than expected this quarter. With 90 percent of the S&P having reported, 67.2 percent have topped earnings expectations, according to Thomson Reuters data, which is even with the average over the past four quarters. However, only 46.9 percent have beaten revenue expectations, below the 52 percent average over the past four quarters.

(Editing by Nick Zieminski)

Source: http://news.yahoo.com/stock-futures-tick-lower-investors-look-catalysts-113954143.html

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Wednesday, May 15, 2013

TSX up on energy and industrials; BlackBerry falls

By Cameron French

TORONTO (Reuters) - Toronto's main stock index rose on Tuesday, as energy and industrial stocks rose in tandem with gains in U.S. stocks, more than offsetting pullbacks in key stocks such as BlackBerry and Bombardier Inc .

Energy stocks, which suffered steep losses in April, rose 0.67 percent despite a retreat in the price of oil, helped by the continued momentum in U.S. stock indexes.

Husky Energy gained 2.2 percent to C$30.60, while sector heavy weight Suncor Energy rose 1.2 percent to C$32.42.

The smaller industrials subgroup charged ahead 1.83 percent, led by airlines and railroads. Westjet Airlines Ltd surged 4.9 percent to C$21.77, while Canadian Pacific Railway jumped 4.4 percent to C$136.91.

The Toronto Stock Exchange's S&P/TSX composite index <.gsptse> rose 47.50 points, or 0.38 percent, to 12,577.05. Seven of the index's 10 main subgroups rose during the session.

U.S. stocks extended gains, and the S&P 500 <.spx> and Dow Jones Industrial <.dji> touched new intraday highs .

The TSX has underperformed U.S. stock over the past year due in part to the Canadian index's much higher weighting of commodities. But since mid April, the TSX has followed the U.S. indexes higher.

"I think that there could be a help from the U.S. ... but I think it's also maybe a little bit of a 'enough's enough' in some of these stocks," said John Kinsey, a portfolio manager at Caldwell Securities.

The information technology group sank 0.63 percent, weighed down by BlackBerry. The smartphone maker dropped 3.1 percent to C$15.55 as the company unveiled a new mid-tier smartphone.

Bombardier slid 1.7 percent to C$4.55, falling hard for a second straight day, though the stock had risen 15 percent last week on optimism about the company's new CSeries jetliner.

Rona Inc , Canada's top home improvement retailer and distributor, dropped 4.8 percent to C$10.12 after posting a deeper quarterly loss as it grappled with restructuring charges and difficult market conditions.

(Reporting by Cameron French; Editing by Leslie Adler)

Source: http://news.yahoo.com/tsx-may-open-higher-strong-euro-zone-data-122639880.html

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From ocean to land: The fishy origins of our hips

Tuesday, May 14, 2013

New research has revealed that the evolution of the complex, weight-bearing hips of walking animals from the basic hips of fish was a much simpler process than previously thought.

Tetrapods, or four-legged animals, first stepped onto land about 395 million years ago. This significant change was made possible by strong hipbones and a connection through the spine via an ilium - features that were not present in the fish ancestors of tetrapods.

In a study published in the journal Evolution and Development, Dr Catherine Boisvert of the Australian Regenerative Medicine Institute at Monash University, MacQuarie University's Professor Jean Joss and Professor Per Ahlberg of Uppsala University examined the hip structures of some of human's closest fish cousins.

They found the differences between us and them are not as great as they appear - most of the key elements necessary for the transformation to human hips were actually already present in our fish ancestors.

Dr Boisvert and her collaborators compared the hip development - bones and musculature - of the Australian lung fish and the Axolotl, commonly known as the Mexican Walking Fish.

The results showed that, surprisingly, the transition from simple fish hip to complex weight-bearing hip could be done in a few evolutionary steps.

"Many of the muscles thought to be "new" in tetrapods evolved from muscles already present in lungfish. We also found evidence of a new, more simple path by which skeletal structures would have evolved," Dr Boisvert said.

The researchers found that the sitting bones would have evolved by the extension of the already existing pubis. The connection to the vertebral column could have evolved from an illiac process already present in fish.

"The transition from ocean-dwelling to land-dwelling animals was a major event in the evolution of terrestrial animals, including humans, and an altered hip was an essential enabling step," Dr Boisvert said.

"Our research shows that what initially appeared to be a large change in morphology could be done with relatively few developmental steps."

###

Monash University: http://www.monash.edu.au

Thanks to Monash University for this article.

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Source: http://www.labspaces.net/128250/From_ocean_to_land__The_fishy_origins_of_our_hips

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Tuesday, May 14, 2013

The Lead: Curse of the second-term scandal (CNN)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/305796685?client_source=feed&format=rss

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O.J. Simpson has a small victory in Las Vegas court

LAS VEGAS (AP) ? O.J. Simpson won a small victory on Tuesday when he returned to court for Day 2 of his attempt to win a new trial in his robbery case: A judge said he could have one hand unshackled to drink water and take notes.

Simpson managed a smile and a waist-high wave with his shackled hand as he entered the courtroom and found friends and family members in the audience.

Simpson's lawyers then convinced Clark County District Court Judge Linda Marie Bell to let the former football star and TV pitchman have his right hand free. His left hand was still cuffed to the arm of his chair.

Lawyers for Simpson are claiming that his trial lawyer, Yale Galanter, gave such bad legal advice and had such conflicted interests that Simpson deserves a new trial.

The 65-year-old Simpson is serving nine to 33 years in prison for leading five men in the armed robbery of two sports memorabilia dealers in a Las Vegas hotel room in 2007.

Galanter's former friend and co-counsel, Gabriel Grasso, returned to the stand on Tuesday with criticism about Galanter's promises and performance during the 2008 trial and conviction and later appeal.

Galanter needed Grasso as local counsel, because Galanter wasn't licensed to practice law in Nevada. But Galanter was in charge of the defense, Grasso said.

"I could advise O.J. all day long, and he was very respectful of me," Grasso testified. "But if I advised him of something different from what Yale said, he would do what Yale said."

It was Galanter's decision not to have Simpson testify, Grasso said.

Under questioning by H. Leon Simon, an attorney for the state, Grasso acknowledged the trial judge, Jackie Glass, specifically asked Simpson if he wanted to testify.

LAS VEGAS, NV - MAY 14: O. J. Simpson (R) talks to his defense attorney Patricia Palm during a break in an evidentiary hearing in Clark County District Court on May 14, 2013 in Las Vegas, Nevada. ... more? LAS VEGAS, NV - MAY 14: O. J. Simpson (R) talks to his defense attorney Patricia Palm during a break in an evidentiary hearing in Clark County District Court on May 14, 2013 in Las Vegas, Nevada. Simpson, who is currently serving a nine-to-33-year sentence in state prison as a result of his October 2008 conviction for armed robbery and kidnapping charges, is using a writ of habeas corpus to seek a new trial, claiming he had such bad representation that his conviction should be reversed. (Photo by Ethan Miller/Getty Images) less? "O.J. did say he did not want to testify," Simon said.

"Mr. Galanter told him, 'This is the way it's going to be,'" Grasso said

"That was his right. It's up to the defendant to choose not to testify, isn't it?" Simon said.

Under additional questioning by Palm minutes later, Grasso said, "I didn't think him not testifying was sound advice."

Galanter has declined to comment before his expected testimony on Friday.

Grasso testified that he and Galanter decided to focus their defense on Simpson's insistence that he didn't know any of the men with him the night of the confrontation had guns; that Simpson never saw a gun; and that Simpson only wanted to retrieve property that he believed had been stolen from him after his acquittal in 1995 in the slayings of his ex-wife and her friend in Los Angeles.

Grasso said he and Galanter considered other strategies, including that Simpson was drunk during the incident. But Grasso said he didn't think jurors would be convinced due to all the "baggage" Simpson brought to the trial.

He also said he thought Simpson sounded "very focused and direct" in an audio recording of words shouted during the confrontation.

"He didn't sound like a drunk person," Grasso testified.

The anticipated week-long hearing was taking place absent the fanfare that surrounded Simpson's "trial of the century" in Los Angeles and his 2008 trial in Las Vegas.

Seats went unfilled in the 45-seat courtroom gallery.

Grasso testified Monday that Galanter took money for himself, didn't pay him and refused to pay for experts to analyze crucial audio recordings that helped convict Simpson.

"Hey Gabe. Wanna be famous?" Grasso recalled Galanter asking as the two embarked on a relationship that later deteriorated into lawsuits over a handshake agreement to represent Simpson and split an expected $750,000 in legal fees ? a third for Grasso and two-thirds for Galanter.

Grasso said he was only paid $15,000, even though the weight of pretrial work fell to him.

He said Galanter kept telling him that he didn't have money to hire investigators or an expert to analyze the crucial audio recordings that were later played for the Simpson jury.

Grasso said he reviewed the recordings himself while watching his son's soccer games.

Simpson was scheduled to testify for the first time in the case on Wednesday.

Simpson, who will be 70 before he is eligible for parole, maintains that he wasn't.

After his acquittal on the murder charges, Simpson was found liable for damages in a civil wrongful death lawsuit and ordered to pay $33.5 million to the families of Nicole Brown Simpson and Ronald Goldman.

_____

Find Ken Ritter on Twitter: http://twitter.com/krttr

Source: http://news.yahoo.com/simpson-granted-1-hand-free-during-vegas-hearing-174806764.html

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